Bulgarian state energy holding company BEH and Greek natural gas company Gastrade announced their partnership to build an offshore LNG terminal in northern Greece.
Gastrade said in a statement said that the two companies will form a task force to prepare and submit a proposal to the Bulgarian government for the best possible way to take part in the project
Reuters reports that the facility, with an estimated annual capacity of 6.1 billion cubic meters (bcm), will seek to supply gas to southeastern Europe via another natural gas pipeline scheme that will cross through Greece, the Interconnector Greece-Bulgaria (IGB).
The IGB and the LNG terminal fit with the construction of the Trans-Adriatic Pipeline (TAP), which will transport Caspian gas to European markets and was signed off by Greece and its partners this month.